Mon, May 18 2009, 16:59 GMT
http://www.fxstreet.com
FXstreet.com (Barcelona) - US market has started the week with a strong rally as investors are hunting for bargains from the last week's slump. S&P 500 is recovering its levels from last week, the worse since March. A higher market has fueled the risk appetite, Euro and Pound are higher and USD/JPY is rising.Dow Jones are rising 2.30%, 187.20 pts to be above the 8,450 level. Nasdaq is climbing up 2.15%, 36.04 pts to beat the 1,700 level and the S&P500 is surging 2.26% to trade above the 900.00 key level.GBP/USD has advanced 1.00% so far today to trade above the 1.5320 level. EUR/USD is trading above 1.3530 after recovering from 1.3470. USD/JPY has broken 96.00 level finally and the pair is trading around the 96.30 level.
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